Saturday, January 11, 2014

Being poor is costly


  1. Time spent on commuting
  2. Higher interest rate
  3. Higher bank fees
  4. Collecting check physically, sited of bank deposit/mailed check
  5. Going to school to acquire skills , instead of 1:1 coaching by experts
  6. No airline mileage redemption
  7. Not much healthy food in neighborhood groceries
  8. Paying same rate for older/expiring food, than other affluent neighborhoods
  9. Higher traffic neighborhood
  10. Live under poor air quality most of the life
  11. Run old and low efficiency cars
  12. Unable to avail car pool lane
  13. Lower wages for the same time spent working
  14. Poorer working condition
  15. Not able to go on vacation, pushes poor into stress and poorer work performance
  16. Costs a lot to pay for other even poorer people around you
  17. No preventive medical care, puts in to higher cost of health cared maintain acne
  18. Employer group health care and government discounts are not available for poor
  19. Admin and paperwork delay for poor could have determinantal impact on lives of poor
  20. money, time, hassle, exhaustion, menace
  21. pay more on a capital basis for inferior housing
  22. Discounting for bulk price can disadvantage/injustice for poor who can not offed bulk.
  23. Poor has be be another protected class in law. So, poor can fight in court telling discrimination.
  24. Depending on public laundry facility over a private laundry. Time, money, bad quality machine, bad outcome. Can be a risky place due to other poor people looking for trouble

People and documents:
  1. Bradley R. Schiller, a professor emeritus at American University and the author of "The Economics of Poverty and Discrimination."

Following law is costly

Following all the laws all the time is too expensive. To save some time/money/resource, people/companies/governments break them from time to time. Few of the law breaking incidents are caught and fewer of them are punished.

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